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Berry Reports Q4 and Fiscal Year Results

Sales decrease $31 million in Health, Hygiene, and Specialties division in fiscal 2017

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By: Tara Olivo

Associate Editor at Nonwovens Industry, Rodman Media

Berry Global’s net sales in the September 2017 quarter recorded an increase of $263 million from the prior year quarter, which is primarily attributed to acquisition net sales of $288 million, selling price increases of $9 million due to the pass through of higher resin prices, and an $11 million positive impact from foreign currency changes partially offset by a 2% base volume decline.

For fiscal year 2017, the net sales increase of $606 million is primarily attributed to acquisition net sales of $788 million and selling price increases of $60 million due to the pass through of higher resin prices, partially offset by a negative $136 million impact from a 2% base volume decline, $98 million from extra days in fiscal 2016, and a slightly negative impact from foreign currency changes.

In the fiscal year, Health, Hygiene, and Specialties’ net sales decreased by $31 million primarily attributed to extra days in fiscal 2016 of $25 million, selling price decreases of $23 million, and a slightly unfavorable impact from foreign currency, partially offset by a $26 million positive impact from base volume improvements.

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